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Thursday, December 3, 2015

Ten-Tec: The Saga Continues

"I had a discussion with the new owner last night, and I wanted to relaysome information.

He is now officially the new owner of TEN-TEC.

He is planning the rigs and amplifiers and other accessory products toengineer and to manufacture for the coming year to cover the purchase andexpenses for the year, working on the details of the various plans forservice, sales, and marketing, etc."

Plans...

"Planning on having the OMNI-VII back in production in 1st quarter 2016,hoping to ship in 2nd quarter 2016.

Dayton, He will be there, going to try to get the same TEN-TEC booth/boothsas possible. Showcasing the existing products, and possibly something newbased on the existing products, time will tell.

He did say that he will either bring back the Orion II or have an OrionIII. Time frame is tbd. could be as early as end of 2016 or Dayton 2017????

There might be improvements/changes to certain rigs, e.g. maybe there willbe an OMNI-VII+ maybe an OMNI-VIII in a year???

The Eagle will go back into production some time after the 1st OMNI-VII run.

Prices will return to the original pre liquidation sale prices when the newwebsite is up so that each will be at a point that will make enough profitto make the company viable. Other features will get added where possible."

And ouch...!

"TEN-TEC was actually shipping a $200 bill with every one of a specificmodel that it sold this last year."

Raising capital...

"There might be a need in the future to try to raise somemore capital if certain plans come to fruition with commercial and femacustomers, if those work out, may need to raise some cash to buy the parts,so there might be a gofundme funding campaign set up, where amateurcustomers can help donate to purchase the parts, and then part of or all ofor x times the amount of the donation is taken off of their next order of aTEN-TEC product > a certain dollar amount."

"To do this first class, we need a 200K capital infusion for a new factory building andsome new equipment to replace what was liquidated if anyone cares to stepup and accelerate our success. 400K would give us the facility, equipmentand capitol to put everything back in production to a stocking basis andallow us to complete the Orion III. If 400 people will give us 1K each, wewill commit to the Orion III of your dreams in 18-24 months and give you 2Koff the target price of 5K as well as engrave your name and call on aplaque on the new building that says you helped build it and save TEN TEC."